Individual investors opened 172,605 new securities accounts in September the second highest number opened in a single month in more than a year, according to VN Economy. A total of 253 of those accounts belonged to foreign investors.
Of note: The VN-Index was rising steadily on the back of increasingly lower interest rates–more people borrowing to invest, and stocks offering better returns than savings accounts. However, in recent weeks, the index has plunged which could very well be linked to a shrinking money supply caused by the State Bank of Vietnam issuing treasury bills to shore up the local currency. Ergo, these numbers high monthly numbers may be short-lived.